Europe Stocks Rise on Tech Strength, Despite Higher Oil Prices
European shares rose on Tuesday, led by technology stocks that reached their highest level in a month. The pan-European STOXX 600 index was up 0.3% at 640.28 points by 0830 GMT.
Technology shares were boosted by the news that Anthropic is making a major bet on AI transforming the global economy, with public investors expected to help fund that expansion through a planned stock market listing. The public offering is expected to value the company at more than $2 trillion.
However, higher crude prices and elevated bond yields capped broader gains, weighing on some sectors. Brent crude futures climbed to $106.99 a barrel due to ongoing tensions in the Middle East.
Lindt was the biggest decliner among individual stocks, falling 7% after the Swiss chocolatier cut its 2026 sales forecast for the second time this year.